CORPUS CHRISTI — Jones Development Co. is building a 46,253-square-foot distribution center on behalf of FedEx Corp., located at 246 Glasson Dr. in Corpus Christi. The Dallas office of Cadence McShane is completing the general contracting work on the industrial property. Scheduled to be completed in May, the new distribution center will offer 4,200 square feet of office space in addition to 11 external doors and two drive-in doors. Cadence McShane has received numerous assignments on behalf of Jones Development Co. to construct FedEx facilities throughout the country.
ALLEN — New York-based MidCap Advisors, a mergers and acquisition firm, has opened a new Dallas-Fort Worth office that is led by David Gladden, who joined MidCap Advisors as managing director and also leads the company's corporate development group. Gladden brings more than 28 years of experience in corporate development and mergers and acquisitions to the position. He previously served International Paper and GAF-Elk Corp., holding senior positions in finance, corporate development, sales, marketing and management. At MidCap Advisors, Gladden assists mid-size companies and corporate divisions develop and execute acquisition and divestiture strategies. The new office is located at 1219 Comanche Dr. in the suburb of Allen.
IRVING — Nissan Motor Acceptance Corp. has signed a long-term lease for 225,049 square feet of office space at 8900 Freeport Pkwy. in Irving. Built in 2003, 8900 Freeport is a three-story, 268,445-square-foot office building located in DFW Freeport, a master-planned office and industrial complex, fronting Highway 635. Chris Taylor of CAPSTAR Commercial Real Estate Services represented the landlord, Lexington TNI Irving L.P., an affiliate of Lexington Realty Trust. Ann Huntington, Dennis Barnes and William Callahan of CB Richard Ellis represented Nissan.
GRAPEVINE — Dallas-based Venture Commercial, through its Venturetainment Division, has completed two leases for Merlin Entertainments Group, bringing LegoLand Discovery Center and a Sea Life Aquarium to Texas for the first time. The two attractions will open later this year in the Grapevine Mills Mall. LegoLand will occupy approximately 35,000 square feet and Sea Life will occupy approximately 45,000 square feet. Jonathan Cooper and Larry Leon of Venture Commercial assisted Howard Samuels of Samuels & Co. representing the two tenants. Gregg Goodman represented Mills/Simon in-house.
HOUSTON – Blackmon-Mooring of Houston, a commercial cleaning company for fire, water, upholstery and carpet damage, has renewed its lease of 70,458 square feet of warehouse space at Beltway 8 Business Park in southwest Houston. Will Hedges of DCT and Jon L. Michael of NAI Houston represented the landlord, DCT Industrial Trust. Chris Mason, Santee Hathaway and Andy Iverson of Jackson Cooksey represented Blackmon-Mooring.
MCKINNEY — Houston-based PM Realty Group, a national, full-service real estate firm, has broken ground on McKinney Medical Plaza, a three-building, 21,617-square-foot medical office complex, on Virginia Parkway near the intersection of Ridge Road in McKinney. The medical development is located within a 5-mile radius of five separate hospitals. Its launch follows the recent completion of the 120,000-square-foot Texoma Medical Plaza, another PM Realty property.
CARROLLTON — Carrollton-based Accor North America, an owner/operator of economy lodging, opened 58 hotels across the country in 2010, including 55 Motel 6 hotels and three Studio 6 properties, totaling more than 4,800 rooms. The 2010 additions cover 20 U.S. states and one Canadian province. Additions to the Motel 6 network in Texas included Amarillo, Bedford, Brownsville, Cedar Park, Dallas, Eagle Pass, El Paso, Fort Worth, Irving, Katy, Marble Falls, Nacogdoches, Port Arthur, Rosenberg, Seguin, Valley View and Wichita Falls.
HOUSTON — Christian Brothers Automotive, a 4,921-square-foot property located at 9130 West Rd. in Houston, has traded. Jason Vitorino of Marcus & Millichap's Dallas office represented the seller, a Houston-based limited partnership. The buyer, a Tennessee-based private investor, was represented by Harrison Truex of Marcus & Millichap's Atlanta office. Built in 2008, the investment has a 15-year primary term net lease which provides for zero landlord responsibility.
KATY — Bill Heavin and Matthew Herring of Grubb & Ellis represented WoodCreek Development Co. in its sale of 11 acres of land at the intersection of FM 529 and Katy Hockley Road in Katy. John B. Porter and Betty J. Porter purchased the land and were represented by Mason Evers of Landstar Realty Advisors. In addition, Doug Nicholson of Grubb & Ellis represented Paul G. Sirota is the sale of a 17,500-square-foot industrial building located at 608 Pederson Rd. in Katy. Kent Brownell purchased the property and represented himself.
HOUSTON — Ten West Corporate Center II, a 250,260-square-foot Class A office building in Houston's Energy Corridor, has sold. Located at 17404 Katy Freeway within the Park Ten Office Park, the office property was completed in 2006 and is fully leased to Mustang Engineering, a wholly owned subsidiary of the John Wood Group, LC. Minneapolis-based Founders Properties, represented by Rusty Tamlyn, Dan Miller and Trent Agnew of Holliday Fenoglio Fowler's (HFF) Houston office, sold the property to ING Clarion Partners. ING purchased the property on behalf of a commingled fund advised by the firm. Mustang Engineering and its affiliates occupy more than 1 million square feet of space in Park Ten Office Park.